Your Almost Daily Bit of Wall Street Wit & Wisdom

h/t Shutterstock

“We typically trade our beliefs about the market, and once we’ve made up our minds about those beliefs, we’re not likely to change them.  And when we play the markets, we assume that we are considering all of the available information.  Instead, our beliefs, through selective perception, may have eliminated the most useful information.”
— Van K. Tharp

You are the most important factor in your success.  Understand and overcome your biases.  Use a trading system that’s right for you.

I believe that mind, method, and money management are the cornerstones of your complete game plan for trading success.

FYI: Our latest option recommendation, on Barrick Gold Corporation (GOLD),  is trading +30% in one day on a 2% move in the underlying shares, with an always known and strictly limited risk!

That’s the Superleverage power of my method on display.

If that’s the type of options action you’re looking for, click here to subscribe to Options Hotline today.

Let me know if you have any questions.  My email never sleeps.

Good luck in your trading!

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

glider

Torrey Pines, La Jolla, California h/t flytorrey.com

“You have one hundred hours. You think you understand it. You know how to thermal, you’ve done some cross-country trips, you’ve been up to the cloud base, you’ve flown twenty miles, and you think you understand. Then you push it. Look out!”
— John Bouchard

Beware the danger of success.

Be humble.

Survival lessons in life are applicable to trading.

Best regards,

Steve

 

Your Almost Daily Bit of Wall Street Wit & Wisdom

Paul Sarnoff

Paul Sarnoff in the early-1980s

“The way things are going, you’d better have at least ten percent of your assets in gold.”
— Paul Sarnoff

The Midas metal is perking up.   It could be that time, again.

Subscribe to see how Options Hotline readers are positioning to vie for fun and profit.

Happy Father’s Day!  I’m remembering my dad today.  Throughout my life, he reminded me, “The greatest gifts a father can give his child are roots and wings.”

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

Trickle

Trickle by vvvracer h/t Flickr

“American workers are struggling in large part because they are underpaid—and they are underpaid because 40 years of trickle-down policies have rigged the economy in favor of wealthy people like me.  Americans are more highly educated than ever before, but despite that, and despite nearly record-low unemployment, most American workers—at all levels of educational attainment—have seen little if any wage growth since 2000.”
— Nick Hanauer